First Class Metals plc (FCM) has staked a further eight claims, each of 400ha, contiguous to its McKellar volcanic massive sulphide property in Ontario, Canada. TRENDS The property, previously comprising 58 claims across 12km², lies some 25km from the town of Marathon. The additional staking follows results from grab samples at McKellar and nearby occurrences […]
Tag: silver
FCM reports new gold-silver showing on Enable
First Class Metals plc reported a “new gold showing with significant silver” from first assay results of the 2022 field campaign at the Enable property, west of Marathon in Ontario. CONTACT The company conducted the programme over a district-scale mineralised geological feature, striking northeast to southwest, which can be traced off property to historical showings. […]
Scotgold doubles losses in year of ‘transformative progress’
Scotgold Resources Ltd doubled losses while increasing revenue from the start of production at the Cononish gold and silver mine near Tyndrum, Scotland. FINANCES The company’s annual results for year ended 30 June 2022 showed total revenues rose to A$17.8 million / £9.9m for 2022 (2021: A$300,000/£166,000) Loss before taxation increased to A$10.8m / £6m (2021: A$5m […]
Anglesey assays indicate extensive mineralised system
Anglesey Mining plc’s reported further representation of an extensive mineralised system from multiple broad intercepts at its Parys Mountain polymetallic project on Anglesey. FINAL HOLES The company, exploring for copper, zinc, lead, silver and gold volcanic massive sulphide deposits, drilled a total of ten holes as part of the 2022 infill drilling programme. Today’s published […]
Ormonde completes €2.3m La Zarza assets sale
Ormonde Mining plc has completed the €2.3 million sale of its land, data and drillcore assets at La Zarza copper-gold-zinc project in Spain. The company has now received an initial €800,000 from the purchaser La Zarza Mineria Metalica S.L.U., a subsidiary of Tharsis Mining S.L. The balance will be paid in three equal payments of […]
Kavango plans up to six holes for KCB inaugural drill
Kavango Resources plc plans to drill up to six holes for 1,250m in the first of four copper-silver prospecting licences in the Kalahari copper belt (KCB), Botswana. PHASE I The first phase of inaugural drilling on PL082/2018 will see sub-contractor Mindea Exploration and Drilling Services Pty use a multi-purpose rig, capable of diamond core and […]